Renovated Duplex with
For Sale
$339,000
1030 Delamont Avenue, Schenectady, NY 12307
Two spacious apartments feature three bedrooms, classic details, updated finishes, covered porches, and generous storage.
Property Size2,783 SF
Price / SF$121.81
Days on Market19
Property Features for 1030 Delamont Avenue
General Information
Standard status
Active
Size
2,783 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,605
Amenities
covered porch
heated enclosed rear mudroom
expansive attic
original tin ceiling
new garage
covered lean-to patio
landscaped grounds
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Howard Hanna Capital Inc
(518) 429-7484
Listed By:
Victoria McLaughlin · License #10401358419
(518) 429-7484
Source:
Capmarkrealty
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 25 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
Built in 1900, this 2,783-square-foot duplex contains two apartments, each with three bedrooms, a full bathroom, living room, formal dining room, oversized kitchen, pantry, covered porch, and substantial storage. The first-floor residence includes luxury vinyl plank flooring, recessed lighting, an updated kitchen and bathroom, and a heated enclosed rear mudroom. The upper apartment retains original hardwood floors, stained-glass accents, built-in cabinetry, an oversized pantry, and attic access.
The property combines historic details—including 10-foot ceilings, archways, original moldings, trim, and a tin ceiling—with extensive system updates. Improvements include new siding, plumbing, electrical, sewer line, ductwork, two updated furnaces, two large water heaters, a new chimney, basement windows, replacement windows with a transferable lifetime warranty, and a maintained slate roof.
Exterior features include a new 17' x 17' garage, new concrete driveway, locking gate, covered lean-to patio, brushed concrete entertaining area, and landscaped grounds with mature roses and perennial gardens. The property is located at 1030 Delamont Avenue in Schenectady, near downtown, Union, and Ellis Hospital.
The property combines historic details—including 10-foot ceilings, archways, original moldings, trim, and a tin ceiling—with extensive system updates. Improvements include new siding, plumbing, electrical, sewer line, ductwork, two updated furnaces, two large water heaters, a new chimney, basement windows, replacement windows with a transferable lifetime warranty, and a maintained slate roof.
Exterior features include a new 17' x 17' garage, new concrete driveway, locking gate, covered lean-to patio, brushed concrete entertaining area, and landscaped grounds with mature roses and perennial gardens. The property is located at 1030 Delamont Avenue in Schenectady, near downtown, Union, and Ellis Hospital.
Key Highlights
- 2,783‑square‑foot duplex with two three‑bedroom apartments
- First‑floor apartment updated with LVP flooring, recessed lighting, kitchen, bathroom, and heated rear mudroom
- Upper apartment includes original hardwood floors, stained glass, built‑ins, and attic access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,428
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,560
$568.6K
Cap Rate 7%
$406,114
$406.1K
Cap Rate 9%
$315,867
$315.9K
Market Conditions
NOI Build-Up for 2,783 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.1K $19.80/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$51.7K $18.57/SF
− OpEx
−$23.3K −$8.36/SF
NOI
$28.4K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,560
Cap Rate 7%
$406,114
Cap Rate 9%
$315,867
Alternative Uses
Best Use
Multifamily LT 5
$452.8K
$396.2K – $528.2K
NOI $31,694 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$406.1K
$355.4K – $473.8K
NOI $28,428 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$833.0K
$728.9K – $971.8K
NOI $58,309 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 12307, NY
7,567
Population
3,491
Households
2.2
Avg Household Size
32
Median Age
14%
College-Educated
74%
High-School Grad
0.7 sq mi
ZIP Area
10,810
Density / Sq Mi
$33,191
Median Household Income
$28,878
Median Earnings
$1,110
Median Rent
$95,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious apartments feature three bedrooms, classic details, updated finishes, covered porches, and generous storage.
Where is this duplex located?
The property is located at 1030 Delamont Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2,783‑square‑foot duplex with two three‑bedroom apartments; First‑floor apartment updated with LVP flooring, recessed lighting, kitchen, bathroom, and heated rear mudroom; Upper apartment includes original hardwood floors, stained glass, built‑ins, and attic access
